What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of Mettler Toledo (MTD) revenue becomes net income?

For TTM through Q1 2026, Mettler Toledo turned $4.09B of revenue into $875M of net income — a net margin of 21.4%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Mettler Toledo (MTD) gross, operating, and net margins?

For TTM through Q1 2026, Mettler Toledo reported a gross margin of 57.8%, an operating margin of 28%, and a net margin of 21.4%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Mettler Toledo (MTD) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

Mettler Toledo (MTD) Income Statement Waterfall

Revenue

$4.09B

Gross Margin

+57.8%

Operating Margin

+28.0%

Net Margin

+21.4%

Income statement waterfall for Mettler Toledo (MTD) — TTM through Q1 2026

Net income: $875M

Margin breakdown for Mettler Toledo (MTD) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$4.09B	$4.09B
Cost of Revenue	-$1.73B	$2.36B
Gross Profit	$2.36B	$2.36B
Operating Expenses	-$1.22B	$1.15B
Operating Income	$1.15B	$1.15B
Other Income / Expense	-$88.5M	$1.06B
Pre-tax Income	$1.06B	$1.06B
Income Tax	-$182M	$875M
Net Income	$875M	$875M

Revenue$4.09B
Cost of Revenue-$1.73B
Gross Profit$2.36B
Operating Expenses-$1.22B
Operating Income$1.15B
Other Income / Expense-$88.5M
Pre-tax Income$1.06B
Income Tax-$182M
Net Income$875M

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